CUE Energy Resources has been awarded a fourth exploration permit in the northern Carnarvon Basin.
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The large WA-389-P permit, which will be explored for both gas-condensate and oil, covers about 3825 square kilometres and lies immediately north of Cue’s existing permits in the area.
Last February, Cue won 50% of the exploration rights to WA-359-P, WA-360-P and WA-361-P.
These leases are immediately adjacent to the producing Goodwyn-Perseus-North Rankin gas-condensate fields and to the newly developed Exeter-Mutineer oil fields complex.
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